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(a) Investment risk:

Investment in financial instruments renders the Foundation subject to investment risk. This risk arises from changes in interest rates if investment instruments are withdrawn prior to maturity or should market interest rates increase significantly over those of the investments of the Foundation. The Foundation invests in money market funds and fixed income securities, which management considers being low risk.

(b) Concentration risk:

Concentration risk exists when a significant portion of the portfolio is invested in securities with similar characteristics or subject to similar economic, political or other conditions. Management believes that the diversification of the investments in money market funds and fixed income securities described above does not represent excessive risk.

5. Capital assets:

December 31, 2012 Accumulated Net book SD Tech Fund Cost amortization value

Computer hardware $ 274 $ 214 $ 60 Computer software 547 442 105 Office furniture and equipment 549 517 32 Office furniture and equipment

under capital leases 64 31 33 Leasehold improvements 627 410 217 $ 2,061 $ 1,614 $ 447

December 31, 2012 Accumulated Net book NextGen Biofuels Fund Cost amortization value

Computer hardware $ 6 $ 4 $ 2 Office furniture and equipment 33 25 8 Leasehold improvements 120 72 48 $ 159 $ 101 $ 58

December 31, 2011 Accumulated Net book SD Tech Fund Cost amortization value

Computer hardware $ 246 $ 174 $ 72 Computer software 527 322 205 Office furniture and equipment 548 477 71 Office furniture and equipment

under capital leases 64 31 33 Leasehold improvements 619 327 292 $ 2,004 $ 1,331 $ 673

Notes to Financial Statements 31

Notes to Financial Statements

Years ended December 31, 2012 and 2011 (Amounts in Thousands of Dollars unless otherwise noted)

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